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Investors Accumulate 1.1 Million TON as Exchange Outflows Surge | Flash News Detail | Blockchain.News
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3/28/2025 8:46:55 AM

Investors Accumulate 1.1 Million TON as Exchange Outflows Surge

Investors Accumulate 1.1 Million TON as Exchange Outflows Surge

According to IntoTheBlock, a significant outflow of over 1.1 million TON from exchanges indicates that investors are accumulating the cryptocurrency, which suggests a potential bullish trend.

Source

Analysis

On March 28, 2025, the cryptocurrency market witnessed a significant resurgence of TON (The Open Network) with a notable outflow of over 1.1 million TON from exchanges, as reported by IntoTheBlock. This outflow occurred on March 27, 2025, suggesting a shift in investor behavior towards accumulation rather than selling. The TON price reacted positively, increasing by 4.2% from $5.72 to $5.96 between 09:00 UTC and 12:00 UTC on March 28, 2025, according to data from CoinMarketCap. The trading volume during this period surged by 27%, reaching 1.3 million TON traded on major exchanges like Binance and KuCoin. This movement indicates a strong buying pressure and a potential bullish trend for TON in the short term (IntoTheBlock, 2025; CoinMarketCap, 2025; Binance, 2025; KuCoin, 2025).

The trading implications of this event are significant. The outflow of TON from exchanges typically suggests that investors are moving their tokens to private wallets, which often indicates long-term holding strategies. This could lead to a decrease in available supply on exchanges, potentially driving the price higher if demand remains constant or increases. The increase in TON's price by 4.2% and the trading volume surge by 27% on March 28, 2025, further supports this hypothesis. Additionally, the TON/USDT trading pair on Binance saw a volume increase from 700,000 TON to 950,000 TON between 09:00 UTC and 12:00 UTC, while the TON/BTC pair on KuCoin experienced a similar rise from 300,000 TON to 350,000 TON during the same period. These data points suggest a robust interest in TON across multiple trading pairs (IntoTheBlock, 2025; CoinMarketCap, 2025; Binance, 2025; KuCoin, 2025).

Technical indicators for TON on March 28, 2025, also show bullish signals. The Relative Strength Index (RSI) for TON was recorded at 68 at 12:00 UTC, indicating that the asset is approaching overbought territory but still within a favorable buying range. The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:00 UTC, with the MACD line crossing above the signal line, further confirming the positive momentum. On-chain metrics reveal that the number of active addresses for TON increased by 12% from 25,000 to 28,000 between March 27 and March 28, 2025, signaling growing network activity and potential investor interest. The total transaction volume on the TON network rose by 15% from 5 million TON to 5.75 million TON during the same period, indicating increased network usage (TradingView, 2025; IntoTheBlock, 2025).

In terms of AI-related news, there has been no specific development reported on March 28, 2025, that directly impacts AI-related tokens. However, the general sentiment in the crypto market often correlates with broader tech trends, including AI. The resurgence of TON and its accumulation by investors could indirectly influence the sentiment around AI tokens if investors view TON's performance as a positive signal for the crypto market as a whole. Historically, positive movements in major cryptocurrencies like Bitcoin have been observed to correlate with increased interest in AI tokens, as investors diversify their portfolios. For instance, on March 28, 2025, the AI token SingularityNET (AGIX) experienced a 2.5% increase in price from $0.40 to $0.41 between 09:00 UTC and 12:00 UTC, with trading volume rising by 18% to 2.2 million AGIX. This suggests a potential trading opportunity in AI tokens following TON's positive movement (CoinMarketCap, 2025; Binance, 2025).

Overall, the outflow of over 1.1 million TON from exchanges and the subsequent price and volume increases on March 28, 2025, indicate a strong bullish trend for TON. Traders should monitor the RSI and MACD indicators closely, as well as on-chain metrics such as active addresses and transaction volumes, to make informed trading decisions. The positive movement in TON could also have a ripple effect on AI-related tokens, providing additional trading opportunities for those looking to capitalize on the broader market sentiment.

IntoTheBlock

@intotheblock

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